# Dogecoin Is 90% Below Its All-Time High: Can X Money Be the Catalyst It Needs?

> Dogecoin is trading nearly 90% below its all-time high of $0.7316, and SpaceX's historic IPO did nothing to revive it. The crypto community is now banking on Elon Musk's X Money platform, hoping a Dogecoin integration could send the memecoin past the $1 mark.

**Type:** article · **Category:** Crypto · **Published:** 2026-06-23 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/dogecoin-apane-la-taima-hai-se-90-niche-kya-x-money-banega-isa-memakoina-ka-asali-sahara-2464 · **Language:** English
**Tags:** Dogecoin, DOGE price, X Money, Elon Musk, SpaceX IPO, memecoin, cryptocurrency, DOGE all-time high

Dogecoin (DOGE) is currently sitting nearly 90% below its all-time high of $0.7316. More than five years have passed since the memecoin last traded anywhere near the $0.7 level, and recent developments have not helped close that gap. The latest disappointment came after SpaceX's historic IPO, which many in the crypto community had expected to spark a DOGE rally. The rationale was simple: SpaceX already accepts DOGE as payment for its merchandise, giving the coin a direct commercial tie to the company. Yet DOGE did not rally. It actually fell further. Now, the conversation has shifted to Elon Musk's X Money platform and whether it could accomplish what the IPO could not.

## The SpaceX IPO That Failed to Move the Needle
Expectations heading into the SpaceX IPO were high for DOGE holders. With SpaceX accepting Dogecoin for merchandise purchases, there was a clear and visible link between the company's success and potential demand for the coin. As the IPO drew global media attention to SpaceX, investors anticipated that excitement would spill over into the memecoin market. That did not happen. Not only did DOGE fail to post any gains off the IPO news, it actually recorded a price dip. The moment that many had circled on the calendar turned out to be a non-event for Dogecoin's price.

## Elon Musk's Longstanding Love for Dogecoin
Elon Musk has never been quiet about his affection for Dogecoin. He has said on multiple occasions that DOGE is his favorite cryptocurrency, and he has specifically pointed to the project's non-serious, lighthearted character as something he appreciates. He has even remarked that it would be ironic if the coin that started as a joke ended up becoming the dominant cryptocurrency. Beyond words, Musk has put his support into practice. He enabled DOGE payments for merchandise at both Tesla and SpaceX. He also launched the Department of Government Efficiency under President Trump, a body whose acronym spells out D.O.G.E.

## Why X Money Could Change Everything for DOGE
The most closely watched development for Dogecoin right now is the planned expansion of X Money, the payment feature built into Musk's social media platform X. In early June of this year, Musk said that X Money would be made available to a broader audience soon. No specific date was given. Nikita Bier, X's head of product, added to the anticipation in April when he indicated that the platform might make a move in the cryptocurrency space, pointing to the sector's difficult performance that year as motivation.

Given Musk's well-documented history with Dogecoin, many followers of the coin believe DOGE is a strong candidate for inclusion in X Money. If that integration were to happen, the memecoin would gain immediate exposure to millions of users who have never held DOGE before. That kind of reach would almost certainly drive up investor confidence. Some analysts argue that the combination of new users and renewed attention could be enough to push DOGE's price past the $1 mark.

## What this means for you
- **For DOGE investors:** Dogecoin is currently about 90% below its all-time high of $0.7316, meaning anyone who bought near the peak is carrying significant losses right now.
- **The X Money opportunity:** If DOGE is integrated into X Money and the platform reaches millions of new users, analysts believe the price could potentially cross $1, representing a major recovery from current levels.

## Questions & Answers

### 1. How far has Dogecoin fallen from its all-time high?
DOGE is currently trading nearly 90% below its all-time high of $0.7316, and it has been more than five years since it last traded at the $0.7 level.

### 2. Why did the SpaceX IPO fail to lift Dogecoin's price?
Despite SpaceX accepting DOGE for merchandise, the historic IPO had no positive effect on the coin's price and DOGE actually recorded a dip afterward.

### 3. What is X Money?
X Money is the payment service on Elon Musk's social media platform X, which Musk confirmed in early June would be expanded to a larger audience soon.

### 4. When did Elon Musk announce that X Money would expand?
In early June of this year, Musk stated that X Money would be available to a larger audience soon, though he did not provide a specific date.

### 5. Who is Nikita Bier and what did he say about crypto?
Nikita Bier is X's head of product, who said in April that the platform might take action in the cryptocurrency sector because the market was having a bad year.

### 6. What could happen if DOGE is added to X Money?
DOGE would gain exposure to millions of new users, investor confidence would likely surge, and some analysts believe the price could be pushed past the $1 mark.

### 7. What is D.O.G.E.?
D.O.G.E. stands for the Department of Government Efficiency, which Elon Musk launched under President Trump.

### 8. Do Tesla and SpaceX accept Dogecoin as payment?
Yes, Elon Musk has enabled DOGE payments for merchandise purchases at both Tesla and SpaceX.

---
_TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._